Acadia Chief Strategy Officer Andrew Lynch: It’s Time to Incentivize Behavioral Health EMR Adoption

As the rest of health care rapidly adopts new technological advances and data-use methods, many behavioral health providers are still using paper health records. Case in point: Less than half of behavioral health providers use electronic medical records. That’s a problem, some warn, because the lack of EMRs could hinder the industry from adopting cutting-edge […]

Patient Matching Sets Providers and Patients Up for Success — If Done Right

The pressure on behavioral health providers to improve outcome measures may make patient-matching technology a crucial part of their tech stack. The hope is that providers and patients alike are set up to succeed at the outset of treatment, accelerating the development of the oft-vaunted therapeutic alliance in behavioral health. If behavioral health organizations successfully […]

Optum, Aetna and UHS Leaders Offer ‘Outcomes Roadmap’ for Value-Based Contracting

Behavioral health providers have lagged behind their physical health counterparts in measuring outcomes. But that may soon change, industry insiders believe, as payers pressure providers to show more data before raising rates or negotiating value-based contracts. Even so, collecting the correct data to prove outcomes isn’t just on behavioral health companies. A true outcomes-based approach […]

CVS Health Ventures Leads $20M Investment in ABA Data Collection Startup SpectrumAi

SpectrumAi announced Thursday that it raised $20 million in Series A funding, with investment led by CVS Health Ventures. The funding will help the startup push its applied behavior analysis (ABA) electronic health record, Twyll, and Patterns, its network analytics platform.  CVS Health Ventures has made a slew of behavioral health tech-related venture investments over […]

Veradigm Leads $45M Investment in Behavioral Health Data Science Startup Holmusk

Behavioral health data science and technology company Holmusk raised a $45 million series B financing round. On Tuesday, the company announced the investment will help scale up its NeuroBlu Database, its flagship product and a real-world behavioral health data source. The deal also comes with a data-sharing agreement. Veradigm Inc. (NASDAQ: MDRX), formerly Allscripts Healthcare […]

BetterHelp Rakes in $1B in 2022, as Teladoc Plans to Integrate Behavioral Health into Its Chronic Care Strategy

Despite a somewhat rocky 2022, Teladoc Health Inc.’s (NYSE: TDOC) direct-to-consumer behavioral health subsidiary, BetterHelp, raked in over $1 billion in revenue. That’s a $300 million increase from 2021, according to company leadership. More than 1 million people received therapy from BetterHelp in 2022, Teladoc CEO Jason Gorevic revealed at the JP Morgan Healthcare conference […]

CVS Health Ventures Leads $25M Investment in Array Behavioral Care

Behavioral health tech company Array Behavioral Care closed a $25 million funding round led by CVS Health Ventures, the investment arm of health care giant CVS Health Corp. (NYSE: CVS).  On top of providing capital for scaling efforts, the funding round brings Array Behavioral Care closer to CVS Health. Array has previously partnered with CVS […]

‘We’re Certainly Not Slowing Down’: General Catalyst’s Pedal-to-the-Metal Approach to Behavioral Health Investment

Venture capital firms the past few years have pumped billions of dollars into behavioral health companies, recognizing the vast need for their services and untapped opportunities to consolidate a fragmented market. Among the most active VC investors has been General Catalyst, which boasts a portfolio of more than a dozen behavioral health-focused companies, from Eleanor […]